GLOBAL FINANCIAL CRISIS The entire world is facing the global financial crisis. It took place in American Share Market (Wall Street) and later it covered all the markets of the world. As a result the chief countries are facing the Banking insolvency and unemployment. The Traders are suicide due to inability to pay their debts. Exports rate has fallen down and all the economic activities are badly disturbed now. The governments are giving packages to markets and banks so that the run of finance may be kept continued and the credit also may jfi saved. Repo Rate and Cash Reserve Ratio (CRR) had to be reduced. Repo Rate is the rate on which Reserve Bank provides loan to others Banks. At] the main countries as America, France, Britain and Japan have been broken in finance. The export target is reduced. The companies both private and public have made thousands of workers unemployed. The famous Indian Company General Motors sold its share to be safe from insolvency and other company has also given indications. The subprime mortgage crisis is an ongoing financial crisis characterized by contracted liquidity in global credit market and banking systems triggered by the failure of mortgage companies, investment firms and government sponsored enterprises, which had invested... read more